Post Tagged with: "USD/JPY"
Non-Farm Payrolls Top 100K – Risk Rally Sends Dollar Down
Non-farm Payrolls showed a a gain of 103K jobs in September. Early expectations were for a gain of around 50K. The unemployment rate remained unchanged at 9.1%, as expected. The initial reaction is of a weaker dollar on risk appetite. EUR/USD was trading around 1.3450 before the release and is now aiming for 1.35. The
ADP Non-Farm Payrolls Rise – Appetite for Risk Follows
ADP Non-Farm Employment Change showed a gain of 91K jobs in the private sector, higher than 76K that was expected. This rise triggers a small risk rally with the euro gaining against the dollar and the yen falling against it. It’s important to note that ADP doesn’t necessary go hand in hand with the official
US Manufacturing Still Growing – Risk Appetite Trading Triggered
The manufacturing sector in the US continues growing: the purchasing managers index rose to 51.6 points in September, exceeding expectations of a score of 50.5 and defying rumors of a number below 50 which represents contraction. The dollar is stronger against the Japanese yen and weaker against the euro – a classic risk appetite trade.
USD/JPY: Trading the CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. Its release always has a strong impact on market prices. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 14:00 GMT. Indicator Background The CB Consumer Confidence
Big Sigh of Relief in Japan
While the stock market may be disappointed with Fed Twist, the authorities in Japan are probably relived. The Japanese yen had been approaching all time highs against the dollar in recent days. USD/JPY now rises, as the dollar rises across the board and moves away from the intervention zone. Each time the pair got too
USD/JPY: Trading the Existing Home Sales Release
The Existing Home Sales Report is an important economic indicator, considered by analysts as a good measure of consumer demand in the housing sector. As a house is likely to be the largest purchase that a consumer will make, this indicator provides critical data about the mood of consumers and the health of the economy.
USD/JPY: Trading the University of Michigan Consumer Sentiment Index
The University of Michigan Consumer Sentiment Index surveys consumer attitudes and expectations about the US economy. An increase in consumer confidence is a positive sign about the health of the economy and can help strengthen the US dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Friday at 14:00 GMT. Indicator
US Services Sector Continues Growing Nicely – USD/JPY Rises
US ISM Non Manufacturing PMI rose from 52.7 points to 53.3 points in August, above expectations, that stood on 51 points. This means that growth continues in America’s largest sector. The dollar reacts with a small rise against the yen, but retreats against the beaten euro. This may reverse later on, as this lowers the
The day of reckoning
There’s a frustration on the part of some market participants that there is always such a strong focus on the US employment report, given that the labour market is a lagging indicator of economic fortunes. Nevertheless, the fact that the labour market has been lagging the recovery of the past two years has been the
US Manufacturing Escapes Contraction – EUR/USD, USD/JPY Up
ISM Manufacturing PMI slid to 50.6 points, much higher than a drop to 48.7 points that was expected. The escape from falling under 50 points means that the US manufacturing sector is still growing, and reduces the chances for QE3. EUR/USD rises on risk appetite. USD/JPY moves up. The big event is still ahead of